Kiddie Tax Required?

Forum|Forum|5 years ago
February 13, 2021
2 replies
18 views

Instructions for IRS Form 8615 (Kiddie Tax) state:

"Was a full-time student at least age 19 and under age 24 at
the end of 2020 and didn’t have earned income that was more than
half of the child's support."

Question: Would a 22 year old full-time college student (5+ months) in 2020 who graduated from college in early December 2020 be required to pay Kiddie Tax? Technically no longer a full-time student on 12/31/2020.

Also assume had $5,000 unearned income in 2020 and earned income was not more than half of their support.

Thank you.

macuser_22

Alumni - Champ

@FourtyDeuce wrote:

Question: Would a 22 year old full-time college student (5+ months) in 2020 who graduated from college in early December 2020 be required to pay Kiddie Tax? Technically no longer a full-time student on 12/31/2020.

Full time any part of any 5 months of 2020. 12/31 is immaterial.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

Ready2MoveOn

Level 2

The 12/31 date is relevant to the age of the student only.